Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,277 per ton in 2022, increasing by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($1,602 per ton), while the price for Austria ($1,001 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary (FOB) - 2024
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,014 per ton in January 2024, rising by 1.5% against the previous month. Over the period under review, the export price, however, recorded a noticeable setback. Over the period under review, the average export prices hit record highs at $1,395 per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From January 2023 to January 2024, the rate of growth in terms of prices for Austria amounted to +4.9% per month.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary
In 2022, after three years of growth, there was significant decline in overseas purchases of iron or non-alloy steel wire, not plated or coateds, when their volume decreased by -8.5% to 38K tons. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds expanded rapidly to $48M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.5 | 10.9 | 12.9 | 13.7 | 3.1% |
| Italy | 5.0 | 5.2 | 11.0 | 11.8 | 33.1% |
| Austria | 2.5 | 3.7 | 6.6 | 8.6 | 51.0% |
| Slovakia | 2.2 | 2.2 | 3.8 | 4.9 | 30.6% |
| Ukraine | 0.9 | 1.2 | 1.3 | 2.5 | 40.6% |
| Czech Republic | 1.3 | 1.7 | 1.6 | 2.0 | 15.4% |
| Spain | 0.3 | 0.4 | 1.2 | 1.0 | 49.4% |
| Romania | 1.8 | 0.9 | 1.5 | 0.8 | -23.7% |
| Poland | 0.6 | 0.7 | 0.7 | 0.3 | -20.6% |
| Others | 2.9 | 2.1 | 2.0 | 2.6 | -3.6% |
| Total | 29.9 | 28.9 | 42.7 | 48.3 | 17.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Hungary in 2022:
- Italy (9.9K tons)
- Germany (9.6K tons)
- Austria (8.6K tons)
- Slovakia (3.2K tons)
- Ukraine (2.2K tons)
- Czech Republic (1.3K tons)
- Romania (0.6K tons)
- Spain (0.6K tons)
- Poland (0.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds exported from Hungary skyrocketed to 8K tons, rising by 21% against the previous year. The total export volume increased at an average annual rate of +14.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 22% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds soared to $12M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,157 | 1,013 | 1,699 | 2,831 | 34.8% |
| Poland | 1,359 | 1,351 | 947 | 2,575 | 23.7% |
| France | N/A | 153 | 518 | 2,546 | 307.9% |
| Czech Republic | N/A | N/A | 172 | 1,340 | 679.1% |
| Slovakia | 524 | 513 | 697 | 1,167 | 30.6% |
| Austria | 350 | 300 | 562 | 557 | 16.8% |
| Romania | 440 | 305 | 979 | 472 | 2.4% |
| Croatia | 51.2 | 60.4 | 153 | 438 | 104.5% |
| Ukraine | 297 | 556 | 437 | 129 | -24.3% |
| Bulgaria | 233 | 372 | 790 | 33.4 | -47.7% |
| Others | 328 | 598 | 396 | 335 | 0.7% |
| Total | 4,739 | 5,222 | 7,351 | 12,424 | 37.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Hungary in 2022:
- Netherlands (1692.7 tons)
- Poland (1602.7 tons)
- France (1590.7 tons)
- Czech Republic (1034.2 tons)
- Slovakia (836.0 tons)
- Austria (331.7 tons)
- Croatia (330.3 tons)
- Romania (316.2 tons)
- Ukraine (89.7 tons)
- Bulgaria (21.4 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Hungary.
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This report provides an in-depth analysis of the market for iron and steel wire in Hungary.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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